Government, Business, Technology, Fuel, Breaking News

Nikola Founder Trevor Milton Sentenced to Four Years

Nikola Corp. founder Trevor Milton was ordered to spend four years behind bars for lying to shareholders about the electric truck maker’s progress.

Chris Dolmetsch | Bloomberg News
December 18, 2023
Government, Business

US Argues Trevor Milton Needs Long Prison Term as Deterrent

Nikola Corp. founder Trevor Milton should serve about a decade in prison for misleading investors about the future of the electric truck maker, U.S. prosecutors said.

Chris Dolmetsch | Bloomberg News
December 12, 2023
Government, Business

Nikola Founder Milton Seeks New Trial, Lodges Jury Complaints

Nikola Corp. founder Trevor Milton asked for a new trial on charges he misled investors about the electric truck maker’s prospects, arguing the jury convicted him due to bad instructions from the judge and because one juror lied to get on the panel.

Chris Dolmetsch | Bloomberg News
December 16, 2022
Government, Business, Technology, Fuel

Nikola Founder Trevor Milton Won’t Testify in Fraud Trial

Nikola Corp. founder Trevor Milton said he wouldn’t take the witness stand in his criminal fraud trial, as the defense prepares to rest its case.

Chris Dolmetsch | Bloomberg News
October 3, 2022
Government, Business, Technology, Fuel

Nikola Wins Rulings Over Trevor Milton on Brink of Criminal Trial

Nikola Corp. won a court order preventing founder Trevor Milton from using certain company communications in his defense against criminal charges that he lied about the company’s products to mislead investors and prop up the stock.

Chris Dolmetsch | Bloomberg News
September 8, 2022
Government, Business, Fuel

Trevor Milton Indicted on New Fraud Charge

Nikola Corp. founder Trevor Milton, who is scheduled to go on trial next month on charges he misled investors about the company’s business prospects, was indicted for allegedly defrauding the previous owner of his Utah ranch, which Milton used as collateral for his bail.

Chris Dolmetsch | Bloomberg News
June 22, 2022
Business, Technology, Logistics

GrubHub, Uber Fail to Get Price-Fixing Suit Dismissed

GrubHub Inc., Postmates Inc. and Uber Technologies Inc. must face a lawsuit alleging their delivery fees result in higher prices even for New York diners not using those apps.

Chris Dolmetsch | Bloomberg News
March 30, 2022
Government, Business, Technology, Fuel

Milton Wants to Inspect Nikola Vehicles Feds Say He Lied About

Nikola Corp. founder Trevor Milton claims federal prosecutors refused access to the company’s vehicles and equipment he says are crucial to his defense against fraud charges.

Chris Dolmetsch | Bloomberg News
January 14, 2022